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3 things to do in a rising interest rate environment

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It is no secret we are moving into a rising interest rate environment to combat inflation. While it is debatable how much the US Federal Reserve can increase interest rates before causing the economy to slow down, I think interest rates are generally on an uptrend within the next two years.  Interest rates can affect your financial portfolios in a number of ways. In this article, I will share 3 things you should do for your portfolio in view of the rising interest rate environment. Source: https://unsplash.com/photos/__cBlRzLSTg 1. Refinance or reprice your mortgage loan to a fixed rate For most of us, the single biggest impact of interest rate is your housing loan. As interest rates rise, your mortgage interest rate is likely to rise.  If you are on a floating rate and are due for refinancing, you may want to explore refinancing or repricing to a fixed rate package. This will lock in your mortgage interest rate for the next two to three years.  2. Review your budget If you are not eli